The U.S. Senate overwhelmingly approved a $2 trillion relief package Wednesday night, voting 96-0 to approve the bill. The bill was then passed by voice vote in the House and signed into law by the President. The bill is designed to alleviate some of the worst effects of the swift economic downturn currently underway as a result of the coronavirus pandemic and includes federal assistance in the form of significant funding and new programs intended to support local businesses via low-interest loans, grants and other new federal financial assistance programs. The assistance package includes:
$349 billion in forgivable loans through the new Paycheck Protection Program.
$10 billion for SBA economic injury disaster loans (EIDL), which provide grants of up to $10,000 or loans of up to $2 million to qualifying small businesses.
$17 billion for SBA to cover six months of payments for small businesses with existing SBA backed businesses loans.
An Employee Retention Tax Credit covering 50% of wages for each employee up to $10,000.
Click on the link below for detailed information about these new programs and how to apply for assistance:
Nestled at the base of Mount Hood, and home to countless hiking & biking trails and a plethora of outdoor recreational activities, the City of Sandy has a population of about 11,000 and is the commercial center of a rural area of a population of more than 42,000.
With a pioneering spirit inherited from our ancestors who first settled the territory as the final resting place for the last leg of the Oregon Trail, the City of Sandy has blazed a trail as a leader with our nationally recognized high-speed fiber optic broadband internet service provider SandyNet and world class transit system, Sandy Area Metro (SAM).
Recently classified as one of Oregon’s fastest growing communities, the secret is out. Nowhere else in Oregon can one find a place to call home with such a sense of community pride and access to breathtaking views of the scenic Mt. Hood National Forest, Sandy River and Bull Run Watershed, while enjoying ease of travel to the Oregon Coast, Central Oregon and the bustling downtown city of Portland, just 25 miles away.
Home to the annual Sandy Mountain Festival, Camo Crawl and Easter Egg hunts in Meinig Memorial Park, only in Sandy can one enjoy events with fellow neighbors while eating a Joe’s Donut and getting your caffeine fix from Mountain Moka. Simply put, there is no better place to raise your family. There is no better place to work, live and play. Sandy is truly where wonderful happens.
-- Mayor Stan Pulliam
|The "How To Open A Business In Sandy" Guide|
Want to start a business in Sandy? Learn the rules and find all the information you need by clicking on the "Open" sign above!
Never owned your own business before? Click here for a primer from the U.S. Small Business Administration on how to start one!
|Contact the Economic Development Department|
David C. Snider
desk: (503) 489-2159
fax: (503) 668-8714